AskImamDarul Iftaa Mahmudiyyah (AskImam)

I put some money in bank in India now bank is paying interest what can be done with it. 1. In India can I give it to some poor deserving needy Muslim student to pursue their education?

Fatwa 9752English
Finance and Commerce

Question

Sir I put some money in bank in India now bank is paying interest what can be done with it. 1. In India can I give it to some poor deserving needy Muslim student to pursue their education? 2. Use it for bails etc of Muslim in India. 3. Or burn it. (As I asked a sheikh here in Kuwait and they say burn it). 4. Toilet construction Jazak Allaho Khair

Answer

Interest monies must be given to the poor and needy who are eligible to accept Zakaat without the intention of reward.

A poor and needy student qualifies to accept interest money. If the imprisoned person is poor and needy, he too qualifies to accept interest monies. Interest monies should not be burned or used for toilet construction.

and Allah Ta'ala Knows Best

Mufti Ebrahim Desai

Answered by
Mufti Ebrahim Desai
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